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Free overdrafts?

Answered by: 

Question: 
May an advertisement mention the term “free” with respect to a financial institution’s overdraft services?
Answer: 

Overdraft services are not free and should not be advertised as such. Furthermore, institutions should not promote “free” accounts and overdraft services in the same advertisement in a manner that suggests overdraft services are free of charges.
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Learn more about Jerod Moyer’s webinar Overdrafts: What you need to know now!

First published on 11/13/2016

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